ALLETE (ALE) to Release Earnings on Tuesday

ALLETE (NYSE:ALE) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.02 per share and revenue of $414.00 million for the quarter.

ALLETE Stock Up 0.1 %

Shares of NYSE ALE opened at $65.71 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.45 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.80 billion, a P/E ratio of 21.06 and a beta of 0.80. ALLETE has a 52 week low of $55.86 and a 52 week high of $65.95. The business has a 50-day simple moving average of $65.09 and a two-hundred day simple moving average of $64.48.

ALLETE Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 1st. Stockholders of record on Friday, February 14th will be given a $0.73 dividend. This is a positive change from ALLETE’s previous quarterly dividend of $0.71. This represents a $2.92 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Friday, February 14th. ALLETE’s dividend payout ratio (DPR) is 90.38%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of ALLETE in a research note on Friday, January 10th. They issued a “hold” rating on the stock.

ALLETE Company Profile

ALLETE, Inc operates as an energy company. The company operates through Regulated Operations, ALLETE Clean Energy, and Corporate and Other segments. It generates electricity from coal-fired, biomass co-fired / natural gas, hydroelectric, wind, and solar. In addition, the company provides regulated utility electric services in northwestern Wisconsin to approximately 15,000 electric customers, 13,000 natural gas customers, and 10,000 water customers, as well as regulated utility electric services in northeastern Minnesota to approximately 150,000 retail customers and 14 non-affiliated municipal customers.